World leading level-4 autonomous technology pioneer Roadstar.ai announced
US$128 million in Series-A funding on May 15th, which was led by Wu Capital and
Shenzhen Capital Group, joined by Yunqi Partners, CMB International Capital,
and Vision Plus Capital.
Photo: https://photos.prnasia.com/prnh/20180517/2135486-1
Together with the announcement, Roadstar.ai also released its first
self-driving tech kit "Aries", which is the first One-Cable Autonomous Driving
Solution with the most cost-effective LiDARs made in China.
"Aries are compatible with sensors of different brands and types. It can enable
L4 performance with a per-vehicle cost under 50,000 RMB, which is under
US$8000," said Dr. Xianqiao Tong, founder & CEO of Roadstar.ai.
After Roadstar.ai carried out public road testing both in the U.S. and China,
Chinese media reported "Aries" as a major step of Roadstar.ai closer to
production, and believed that the efficient and safe autonomous driving
solution with much cheaper cost than its competitors will help Roadstar.ai to
develop a huge market in the coming years.
Founded in May 2017 with its headquarters in Shenzhen, China, Roadstar.ai has
established twin R&D centers in Shenzhen, China and Silicon Valley, USA. Now
Roadstar.ai is the only Chinese autonomous driving technology startup who has
established official partnership with top tier1 and automobile manufacturers
globally, thanks to its two independently developed core technologies --
HeteroSync & DeepFusion.
Established only one year ago, Roadstar.ai already achieved several leading
benchmarks in the industry. It won the 1st place of the computer vision
benchmark at Cityscapes dataset and ranked top 3 in KITTI 3D detection dataset.
Roadstar.ai team is an impressive roster of talents that includes engineers who
worked in top autonomous driving companies like Google, Tesla, Apple, Nvidia,
and Baidu USA, etc. Their ambitious goal for 2020 is to reduce its self-driving
vehicles' safety driver intervention rate to one instance per 1,000 km
travelled. Roadstar.ai will deploy 50 new self-driving vehicles in China this
year, and expand the fleet to 200 in 2019 and 1,500 by 2020.
"Roadstar.ai will provide fully autonomous robotaxi services for an
intelligent, efficient and safe mobility experience in future," said Tong. "But
before we step into the world of safe and comfortable autonomous driving, the
artificial intelligence technology has to be perfect."
SOURCE: Roadstar.ai